Everything You Should Know Before Moving to Caballo, NM
Thinking of relocating to Caballo, NM? With a small population of about 140, Caballo offers quiet rural living with affordable home prices averaging $95,000 and rents around $700. Residents enjoy low cost of living, abundant sunshine (78% sunny days), and quick commutes averaging 23 minutes. While crime rates are above the national average and educational attainment is modest, the area’s scenic beauty and proximity to Elephant Butte Lake State Park make it appealing for outdoor enthusiasts and retirees seeking tranquility.
Demographics - Caballo, NM
Demographics - Caballo, NM
Caballo, NM is a small rural community with about 140 residents, a population density of 30 per square mile, and a notably high median age of 59.2 years, indicating a largely older population. The community is predominantly White (85%), with a balanced gender ratio and a modest percentage of non-English speakers at 11.5%. This quiet environment may appeal to retirees or those seeking a slower pace of life.
Population:
140
Density:
30 per sq mi
Median Age:
59.2
Gender Ratio:
100 males per 100 females
Non-English Speakers Percentage:
11.5%
Ethnic Composition
White:
85.0%
Black:
1.0%
Asian:
0.5%
Others:
13.5%
Cost Of Living
What is the average cost of living in Caballo, NM?
Caballo boasts a low cost of living, with a median home value of $95,000 and average rents near $700, making it an affordable choice for both homeowners and renters. Utility and grocery costs are also below the national average, and state taxes range from 1.7% to 5.9%. Overall, the cost of living index reflects that your dollar stretches further here than in many other parts of the country.
Median House Value:
$95,000
Gross Rent:
$700
Monthly Electricity Charges:
$90
Auto Insurance:
$1,150
House Owner Cost With Mortgage:
$850
House Owner Cost Without Mortgage:
$320
State Taxes:
Low:
1.7%
|
High:
5.9%
Cost Of Living Index:
82.1
Grocery:
93.2
Housing:
55.8
Utilities:
87.4
Transportation:
77.5
Health Care:
84.7
Miscellaneous:
85.0
Crime
Is Caballo, NM a safe place to live?
Crime rates in Caballo are higher than average for both violent and property crimes, with a 1 in 317 chance of experiencing violent crime and a 1 in 44 chance for property crime. While the area offers a peaceful rural atmosphere, new residents should remain vigilant and take standard precautions to ensure safety.
Violent Crimes Per 100k:
315
Property Crimes Per 100k:
2,250
Crime Index:
2,565
Chance Of Violent Crime:
1 in 317
Chance Of Property Crime:
1 in 44
Weather
What is the weather like in Caballo, NM year-round?
Caballo enjoys a sunny, dry climate with 78% of days being sunny each year and just over 10 inches of rainfall annually. Summers are warm, with highs reaching 97°F, while winters remain mild, rarely dropping below 27°F. The pleasant weather is ideal for outdoor activities and year-round recreation.
Winter
Min:
27°F
Max:
55°F
Spring
Min:
43°F
Max:
77°F
Summer
Min:
66°F
Max:
97°F
Fall
Min:
44°F
Max:
79°F
Average Rainfall Inches:
10.1 inches
Sunny Days Percentage:
78%
Neighbors
Residents of Caballo typically have a median household income of $32,400, with a relatively high poverty rate of 21.2%. The community has an 81.3% rate of high school completion, but only about 12% hold a bachelor’s degree or higher. Commute times are short, averaging just under 23 minutes, and public transportation is not commonly used.
Median Income:
$29,500
Household Income:
$32,400
Family Income:
$37,800
Per Capita Income:
$18,900
Income Male:
$29,000
Income Female:
$23,500
Poverty Rate:
21.2%
Non English Speakers:
11.5%
Rent:
$700
Unemployment Rate:
6.3%
Public Transport Usage:
0.0%
Commute Time:
22.8 minutes
Education
High School or Higher:
81.3%
Bachelors or More:
12.1%
Education
How are the schools in Caballo, NM?
Students in Caballo typically attend public schools in neighboring Truth or Consequences, such as Truth or Consequences Elementary and Hot Springs High School, both offering manageable class sizes. While there are no private schools locally, higher education is accessible at Western New Mexico University in Silver City, about 68 miles away. Educational attainment in the community is modest, with most residents holding a high school diploma.
Public Schools
Name:
Truth or Consequences Elementary School
Street:
1302 S. Broadway, Truth or Consequences, NM 87901
Phone:
575-894-8367
Students:
410
Student Teacher Ratio:
15.6
Name:
Hot Springs High School
Street:
1801 Pershing St, Truth or Consequences, NM 87901
Phone:
575-894-8350
Students:
340
Student Teacher Ratio:
13.9
Colleges
Name:
Western New Mexico University
City:
Silver City
State:
NM
Distance:
68 miles
Students:
3,500
Healthcare
Caballo residents have access to Sierra Vista Hospital in nearby Truth or Consequences, which provides general and emergency care. The area has about 1.5 physicians per 1,000 people and 86.2% health insurance coverage among residents. While healthcare services are available locally, options are somewhat limited due to the community’s small size.
Major Hospitals
Name:
Sierra Vista Hospital
Address:
800 E 9th Ave, Truth or Consequences, NM 87901
Phone:
(575) 894-2111
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.5
Health Insurance Coverage:
86.2%
Health Care Index:
62.5
Housing Market
What is the housing market like in Caballo, NM?
The housing market in Caballo is marked by affordable prices, with a median home price of $95,000 and an owner-occupancy rate of 80.1%. Rental options are available but limited, with a vacancy rate of 9.2% and average rents of $700 for a two-bedroom. Modest home appreciation and low new construction rates reflect a stable, slow-growing market.
Median Home Price:
$95,000
Average Rent For 2 Bedroom:
$700
Owner Occupied Rate:
80.1%
Rental Vacancy Rate:
9.2%
Home Appreciation Rate (1yr):
4.2%
New Construction Rate:
0.5%
Foreclosure Rate:
0.7%
DMV Information
For vehicle registration and licensing, Caballo residents are served by the New Mexico Motor Vehicle Division office located in Truth or Consequences. The DMV provides standard services such as licensing, registration, and title transfers, and can be reached by phone or online for more information.
State:
New Mexico
Department:
New Mexico Motor Vehicle Division
Address:
301 S. Foch, Truth or Consequences, NM 87901
Phone:
1-888-683-4636
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.